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MVK Agro Food Product Limited IPO
MVK Agro Food Product Ltd. (MAFPL) is an integrated sugar and other allied products manufacturing company operating from Nanded District in the State of Maharashtra. It operates a single location sugar unit having licensed crushing capacity of 2,500 TCD. In addition to sugar the company also commercializes and sells by-products and waste products, namely, Molasses, Bagasse and Pressmud. M.V.K. Agro Food IPO is a fixed price issue of Rs 65.88 crores. The issue is entirely a fresh issue of 54.9 lakh shares. M.V.K. Agro Food IPO price is ₹120 per share.
The minimum lot size for an application is 1200 Shares. Horizon Management Private Limited is the book running lead manager of the M.V.K. Agro Food IPO, while Mas Services Limited is the registrar for the issue. The market maker for M.V.K. Agro Food IPO is Nikunj Stock Brokers.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
MVK Agro Food Product Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
MVK Agro Food Product Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 29, 2024 to March 4, 2024 |
| Listing Date | March 7, 2024 |
| Face Value | ₹10 per share |
| Price | ₹120 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,490,000 shares (aggregating up to ₹65.88 Cr) |
| Fresh Issue | 5,490,000 shares (aggregating up to ₹65.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 15,490,000 |
| Market Maker portion | 274,800 shares Nikunj Stock Brokers |
MVK Agro Food Product Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, February 29, 2024 |
| IPO Close Date | Monday, March 4, 2024 |
| Basis of Allotment | Tuesday, March 5, 2024 |
| Initiation of Refunds | Wednesday, March 6, 2024 |
| Credit of Shares to Demat | Wednesday, March 6, 2024 |
| Listing Date | Thursday, March 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 4, 2024 |
MVK Agro Food Product Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | - | 1200 | ₹144,000 |
| Retail (Max) | - | 1200 | ₹144,000 |
| HNI (Min) | - | 2,400 | ₹288,000 |
MVK Agro Food Product Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 64.56% |
Competitive Strength:
- -
MVK Agro Food Product Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 14,804.05 | 6,044.36 | 430.07 | 1,767.74 | - | 6,281.23 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 15,471.93 | 9,393.63 | 377.45 | 1,337.67 | - | 9,156.10 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 11,602.06 | 13,263.56 | 319.81 | 960.22 | - | 6,001.32 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 11,445.70 | 2,583.10 | 140.41 | 640.41 | - | 7,496.33 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32.85% |
| ROCE | 13.44% |
| Debt/Equity | 6.84 |
| RoNW | 32.85% |
| P/BV | 4.49 |
| PAT Margin (%) | 4.02 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.77 | 5.55 |
| P/E (x) | 31.79 | 21.61 |
Objectives of MVK Agro Food Product IPO
The company proposes to utilize the Net Proceeds from the Issue towards the following objectives:
- 1. Setting up a greenfield unit in Nanded, Maharashtra for
- (i) manufacturing Ethanol
- (ii) generation and bottling of Bio-CNG and Fertilizer.
- 2. General corporate purposes.
MVK Agro Food Product IPO Review
The company is primarily in sugar production and has few other by-products. It is adding an ethanol plant to tap the rising demand for this by-product. The company marked inconsistency in its top and bottom lines for the reported periods. Based on its FY24 annualized super earnings, the issue appears aggressively priced. Well-informed/cash surplus investors may park funds for the medium to long term rewards.
DRHP:
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Frequently Asked Questions (FAQs)
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What Is The Size Of The M.V.K Agro Food IPO?
MVK Agro Food IPO consists of a fresh issue of 54,90,000 shares worth INR 65.88 crores. The company seeks funds to initiate Ethanol, bio-CNG, and fertilizer plants in Nanded, Maharashtra, for sustainable production and general corporate purposes.
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What Is The Price Band Of M.V.K Agro Food IPO?
The price band of the company is INR 120 per share.
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When will M.V.K. Agro Food Product Limited's IPO open for subscription?
The IPO subscription window for M.V.K. Agro Food Product Limited will open on February 29, 2024.
-
What Is The Allotment Date Of The M.V.K Agro Food IPO?
The allotment date of M.V.K Agro Food IPO is March 5, 2024.
